Top 10 Largest World Commercial Liability Markets, 2014

(US$ billions)

    Direct premiums written   Liability as a percentage of
Rank Country Liability Total nonlife GDP (1) Total nonlife GDP (1)
1 United States $86.6 $539.3 $16,805.4 16.1% 0.52%
2 United Kingdom 10.6 101.0 2,713.9 10.5 0.39
3 Germany 8.6 92.9 3,751.9 9.2 0.23
4 France 6.7 83.3 2,812.5 8.1 0.24
5 Japan 6.3 85.5 4,913.0 7.3 0.13
6 Canada 5.0 50.6 1,831.0 9.9 0.27
7 Italy 5.0 46.3 2,133.5 10.8 0.23
8 Australia 4.9 32.7 1,501.0 14.9 0.33
9 China 4.2 105.5 9,603.2 3.9 0.04
10 Spain 2.1 31.2 1,369.5 6.9 0.16
  Total, countries shown $140.0 $1,170.0 $47,400.0 12.0% 0.30%
  Total, all countries $165.0 $1,600.0 $77,400.0 10.3% 0.21%
(1) Gross domestic product. Source: Swiss Re.